Procurement Tactics

SEPTEMBER 15, 2022

Sustainable Purchasing — The Ultimate Guide. Sustainable purchasing might be a term that many people are not familiar with. However, this kind of purchasing is important, especially in the supply chain. . In this article, we will talk about what sustainable purchasing is. What is Sustainable Purchasing?

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Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Procurement Express

MARCH 9, 2025

If you’re managing inventory for your own business or juggling multiple ecommerce accounts, keeping track of purchase orders and stock levels shouldnt feel like a full-time job. Throughout the year, they purchase an additional $10,000 worth of cookies. Thats where QuickBooks Online comes in. Lets dive in.

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Purchasing Inventory Purchase orders Management 52

Procurement Express

MARCH 9, 2025

If your company relies on vendors, an efficient purchase order (PO) system is essential for keeping cash flow predictable and preventing budget surprises. Fortunately, QuickBooks Online gives you a simple way to manage purchase orders, streamline approvals, and keep vendor relationships smooth. What is a purchase order?

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Purchase orders Purchasing Real-time Visibility Budget 52

Procurement Express

DECEMBER 24, 2024

Purchase control is one of those things that feels small until its not. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships. How much time is your team wasting on the purchase order process? Maximize cost savings.

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Purchasing Purchase orders supply chain budgeting Budget 40

Spend Matters

SEPTEMBER 26, 2023

Forty years ago, the Harvard Business review published Peter Kraljic’s article ‘ Purchasing Must Become Supply Management ,’ which debuted the supplier segmenting method that we now know as the Kraljic matrix. The post Analyst eye on how purchasing must really become supply management appeared first on Spend Matters.

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Purchasing Supply management Management Supply Chain Efficiency 114

Procurement Tactics

SEPTEMBER 8, 2022

Do not worry if you do not know operational procurement as this article will help you understand it. Once you reach the end of this article, you will have a better grasp of operational procurement. Once you reach the end of this article, you will have a better grasp of operational procurement. Editor's note: Hi there!

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Procurement Purchase orders Purchasing Strategic sourcing 226

Una

MAY 23, 2023

Group Purchasing and Indirect Spend: A Fairy-tale Romance A unique take on the relationship between group purchasing and indirect spend and how the two work together to drive cost savings and value. Once upon a time, in the bustling World of Procurement, there existed a charming knight known as Group Purchasing.

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Purchasing Supply Chain Efficiency Supply Chain Optimization Procurement 97

Procurement Tactics

AUGUST 25, 2022

In this article, we will introduce to you procurement speakers in 2022 that have inspired many people throughout the years. We hope that once you have finished reading this article, you will be inspired to continue and pursue your desire to make a change through procurement. Trillion budget. . Rajeev Karmacharya. Marijn Overvest.

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Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Una

MAY 25, 2023

Managing Procurement Risk with a Group Purchasing Organization Explore how a group purchasing organization can be an effective solution for managing procurement risk and improving overall procurement processes. By Hugo Britt | May 25, 2023 Search Things were looking so bright at the beginning of the year.

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Purchasing Risk Management Procurement 96

Procurement Insights

MARCH 27, 2025

Please take a moment to respond to my poll, as I will use the results in an upcoming paper that I will share with the Purchasing & Global Supply Chain Professionals (PGSCP) group on LinkedIn. You can check out the group using the following link: Purchasing & Global Supply Chain Group. The group’s Founder, James E.

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Procurement Quality Leadership Purchasing 81

Procurement Tactics

APRIL 17, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Sustainable Government Procurement — Shifting to Sustainability Sustainable government procurement is the commitment of the government to achieve sustainability in its purchases. However, what is it? Enroll now!

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Sustainability Procurement Negotiation Bidding 201

Spend Matters

OCTOBER 31, 2024

In this series of articles, we explain what these vendors offer, why they are likely to become future members of our “50 Procurement Providers to Watch” and “50 Procurement Providers to Know” lists and what challenges they may face. Read also our interview: An Introduction to True ValueHub.

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Buyers Raw materials Networking Suppliers 114

Procurement Tactics

FEBRUARY 19, 2023

This article will help you know what ChatGPT is. Once you are done reading this article, you will be able to know the impact of ChatGPT in changing procurement. Additionally, it can help procurement professionals by answering questions such as “what is a purchase request” and “what are the processes involved in the procurement”.

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Procurement Tactics

JANUARY 5, 2023

It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. For this article, we will discuss what a PunchOut catalog is. The automaton of the entire purchase cycle improves the effect of the firm’s resources. .

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Buyers Purchasing Suppliers Price 179

Procurement Tactics

NOVEMBER 27, 2022

In this article, you will learn what green procurement is. We will discuss with you what green purchasing is and the challenges facing procurement professionals in green procurement. Once you are done reading this article, you will know what green procurement is. What is Green Purchasing? What is green purchasing?

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Procurement Sustainability Purchasing Raw materials 191

Procurement Tactics

APRIL 17, 2023

In this article, we will discuss what sustainability means in procurement. Additionally, we will share with you how to get a clear idea of your position within the market Once you are done reading this article, you will have a better knowledge of the role of sustainable suppliers to achieve sustainability within your procurement processes.

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Sustainability Suppliers Influencing Purchasing 182

Procurement Tactics

MAY 21, 2023

In this article, we will discuss what acquisition cost means. Once you finish reading this article, you will have a better understanding of what cost acquisitions are. Thus, you will be able to know the total cost of acquiring an asset and make informed decisions about your purchases. However, what is it?

Negotiation 174

Negotiation Purchasing supply chain budgeting Procurement strategies 174

Procurement Tactics

NOVEMBER 29, 2022

That is why in this article, we will try to erase your confusion by discussing to you what MRO is. We will tell you about MRO purchasing and MRO inventory management. After reading all the contents of this article, you will be knowledgeable enough regarding MRO. What is MRO Purchasing. However, it can also cause problems.

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Procurement Inventory Purchasing Procurement strategies 168

Spend Matters

DECEMBER 11, 2024

This article explains how this affects Procurement. By strategically selecting suppliers and optimizing the regions they source from, companies can reduce tariff-related costs and navigate trade regulations to avoid unexpected cost surges or supply chain interruptions. This content is for members only.

Supply Chain Optimization 109

Supply Chain Optimization Management Supply Chain Efficiency Supply chain resilience 109

Procurement Tactics

MAY 18, 2023

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Invoice Approvals — The Ultimate Guide Invoice approvals allow you to only pay for what you purchased, which helps you to avoid overpayment. In this article, we will discuss what invoice approvals are.

Purchase orders 172

Purchase orders Purchasing Negotiation Procurement strategies 172

Procurement Tactics

MARCH 26, 2023

For this article, we will discuss what open tendering is and the different kinds of tender in procurement. Once you are done reading this article, you will be able to use open tenders in your company effectively. The organization will only purchase from the supplier if it meets the minimum requirement of the tender.

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Bidding Suppliers Competitive bidding Price 197

Procurement Tactics

MAY 9, 2023

In this article, we will discuss what invoice reconciliation is. After reading this article, you should be able to reconcile your invoices efficiently. In procurement, invoice reconciliation refers to the process of checking the invoices received from a supplier with the purchase orders to verify if they match.

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Purchase orders Negotiation Purchasing Procurement strategies 182

Procurement Tactics

APRIL 11, 2023

In this article, we will tell you what sustainability is and its importance in today’s world. Once you are done reading this article, you will have a great insight into the various treaties and standards for sustainable procurement. It shows that businesses are aware of future impacts and consider them when making purchasing decisions.

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Sustainability Negotiation Procurement Procurement strategies 201

Spend Matters

APRIL 10, 2025

Note : this article was written between the reciprocal tariff announcement (last week) and yesterday’s announcement of a 90-day pause. However, the points mentioned in the article remain valid for after the pause period and also depending on evolutions in the US and in all other countries.

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Procurement Raw materials Risk Supply chain 93

Procurement Tactics

NOVEMBER 23, 2022

In this article, we will discuss what corporate social responsibility and sustainable procurement are. After you finish reading this article, you will gain knowledge about the impact of CSR within procurement. However, what is its impact on procurement? . Download Free Whitepaper ?. ?. Or receive our famous weekly newsletter.

Procurement 206

Procurement Ethics Sustainability Supply Chain Efficiency 206

Procurement Tactics

APRIL 13, 2023

In this article, we will discuss what a sustainable environment means. After reading this article, you will have a deeper insight into what a sustainable environment means. We can also monitor and check if our purchases have any negative impact on the planet. Why is Environmental Sustainability Important?

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Sustainability Raw materials Procurement strategies Negotiation 195

Procurement Tactics

NOVEMBER 24, 2022

This article will discuss what responsible sourcing is. After you read this article, you will know what responsible sourcing is and how big it can impact companies. After you read this article, you will know what responsible sourcing is and how big it can impact companies. However, what is responsible sourcing?

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Sourcing Ethics Sustainability Supply chain 193

Spend Matters

APRIL 15, 2025

On the talent side, he pointed to an article published by Kodiak: Procurements Most Valuable Players, which borrows the concept of MVPs (Most Valuable Players) from sports to identify standout contributors in the procurement field. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.

Procurement 93

Procurement Category management Chief Procurement Officer Risk management 93

Procurement Tactics

DECEMBER 6, 2022

In this article, we will discuss what spend management is. After reading this article, you will gain a deeper understanding of what spend management is. It is a set of practices that ensures smart procurement decisions and efficient purchasing. Unclear purchasing policies. However, how do you manage your spending?

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Spend management Management Real-time Visibility Budget 172

Procurement Tactics

MAY 22, 2023

In this article, we will discuss what integrated logistics means. Once you are done reading this article, you will have a deeper understanding of integrated logistics. Reliable and real-time data is crucial for customers to plan effectively, anticipate demands, and understand purchasing patterns of their customers.

Logistics 207

Logistics supply chain software solutions supply chain budgeting Supply Chain Optimization 207

Spend Matters

MARCH 11, 2025

From the change equation to the DICE score, this article explores practical models for evaluating change complexity and ensuring a smoother transformation journey. By assessing the nature and scale of change, organizations can better anticipate resistance, secure executive buy-in and drive adoption. This content is for members only.

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Procurement Vendor management Risk management Contract 103

Procurement Tactics

JANUARY 13, 2023

For this article, we will discuss what procurement is as a career. Once you are done reading this article, you will have a deeper knowledge of procurement as a career. Additionally, procurement can be done through direct purchase, competitive bidding, or tendering process while ensuring that the delivery of supplies is on time.

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Procurement Chief Procurement Officer Strategic sourcing Strategic sourcing 171

Procurement Tactics

APRIL 6, 2023

In this article, we will discuss what a sustainable supply chain is. Once you are done reading this article, you will have a deeper understanding of sustainable supply chains. However, to start with, you must first analyze your supply chain by starting to create an inventory of products and services you purchase, produce, and sell.

Supply chain analysis 226

Supply chain analysis Sustainability Supply Chain Efficiency Supply Chain Optimization 226

Procurement Tactics

MARCH 16, 2023

In this article, we will discuss what strategic procurement is. It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. However, what is it? We will tell you about the activities that comprise strategic procurement. Activities Compromising Strategic Procurement 1.

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Procurement Procurement strategies supply chain budgeting Contract management 238

Procurement Tactics

APRIL 25, 2023

For this article, we will first discuss what sustainable procurement means and why it is important. Once you are done reading this article, you will have a deeper insight into the fair operating practices in your procurement process. However, how can companies foster safe and suitable working in their sustainable procurement processes?

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Sustainability Procurement Ethics Supply Chain Efficiency 168

Procurement Tactics

JUNE 28, 2023

In this article, we are going to explore what procurement tracking is, its importance in business and the tools to be used when conducting it for its efficient execution. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Procurement Tactics

JANUARY 12, 2023

For this article, we will talk about what freelance procurement is. Once you are done reading this article, you will gain a better understanding of what freelance procurement is. A procurement consultant is an individual who has an extensive professional experience in purchasing or procurement. . However, how is it done?

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Procurement Raw materials Sourcing Suppliers 187